A global crisis of freedom

On account of the financial crisis some economic leaders have become sceptical about the economic efficiency of democracies and are pointing to the economic success of China. Yet China, like all the other countries of Asia, has now become part of the global economy, writes the daily Neue Zürcher Zeitung: "The Chinese economy ... has not got to where it is today on its own strength but through major foreign investment. ... China's economic boom is based on the success of free economic and political systems. Therefore there is no reason for the West to hide its convictions on this point in its dealings with China. And there is just as little reason in these times of crisis-induced fear to doubt the advantages of a political order based on freedom. We need to prop up not only the financial markets but also the decline in the belief in freedom."

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